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howden joinery group plc (HWDN) Details

Howden Joinery Group Plc engages in the manufacture and sale of kitchens and joinery products in the United Kingdom, France, and Belgium. The company offers kitchen cabinets, kitchen worktops, kitchen frontals, breakfast bars, skirting boards, and joinery doors, as well as touch control Lamona pyrolytic ovens, microwave and warming drawers, and handles. It also provides appliances, backboards, sinks, doors, flooring ranges, and accessories. The company serves owner-occupiers, private landlords or local developers, housing associations or local authorities, and small builders. It operates 589 depots in the United Kingdom. Howden Joinery Group Plc was founded in 1995 and is headquartered in London, the United Kingdom.

howden joinery group plc (HWDN) Key Developments

Howden Joinery Group plc Approves Interim Dividend, Payable on November 20, 2015; Announces Unaudited Consolidated Earnings Results for the Half Year Ended June 13, 2015; Provides Earnings Guidance for the Second Half and Full Year of 2015

Jul 23 15

The Board of Howden Joinery Group Plc approved the payment of an interim dividend of 2.8 pence per share, to be paid on November 20, 2015 to ordinary shareholders on the register on October 23, 2015.
Howden Joinery Group Plc announced unaudited consolidated earnings results for the half year ended June 13, 2015. For the half year, the company reported revenue - sale of goods of £482.6 million against £435.4 million a year ago. Operating profit was £60.9 million against £57.6 million a year ago. Profit before tax was £59.2 million against £57.2 million a year ago. Profit after tax was £46.0 million against £42.3 million a year ago. Profit for the period attributable to the equity holders of the parent was £46.0 million against £52.1 million a year ago. Basic and diluted earnings per share from continuing operations were 7.1 pence against 6.6 pence a year ago. Basic and diluted earnings per share from continuing operations were 7.1 pence against 8.1 pence a year ago. Net cash flows from operating activities were £20.3 million against £35.6 million a year ago. Payments to acquire property, plant and equipment, and intangible assets were £11.7 million against £17.2 million a year ago.
The company provided earnings guidance for the second half and full year of 2015. The good sales performance seen in the first half of 2015 has continued in the first four weeks of the second half of the year. In this period, total sales of Howden Joinery UK depots rose by 13.1% on the same period in 2014. With the company’s confidence in its growth prospects, they are increasing its investment in capacity in all areas of Howdens' business, including in property, people, product and continuity of supply. This investment will support its continuing ability to offer better service to the builder, while meeting growing demand in a rapidly sophisticating market.
The board is pleased with the positioning of the Group and, while they still have its peak trading period (Period 11) to come, the group is well placed to achieve its expectations for the full year.

Howden Joinery Group Plc announced the appointment of Geoff Drabble as an independent Non-Executive Director. He will take up his new role with effect from 3 July 2015. Following his appointment, Geoff will also be a member of the Audit, Remuneration and Nomination Committees. Geoff is the current Chief Executive Officer of Ashtead Group Plc. He was appointed as chief executive in January 2007, having served as chief executive designate from October 2006 and as a non-executive director since April 2005.

Howden Joinery Group plc Announces Final Dividend for 2014, Payable on June 19, 2015

May 6 15

Howden Joinery Group Plc announced that subject to shareholder approval at AGM on May 6, 2015, the Group will be paying a final dividend for 2014 of 6.5 pence per share (2013 final: 4.5 pence per share) on 19 June 2015 (payable to ordinary shareholders on the register on 22 May 2015), giving a total dividend for 2014 of 8.4 pence per share (2013 total: 5.5 pence per share).

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